1. That the spare parts and supplies shall be used exclusively by the applicant in its registered
operations;
2. That the applicant has explored the possibility of sourcing the spare parts from local
manufacturers but has found no domestic manufacturer who could adequately meet his needs at
a reasonable price of a quality comparable to that of the proposed importation;
3. That the applicant is a bonded manufacturing warehouse (BMW) operator;
4. That the applicant exports at least 70% OF ITS PRODUCTION;
5. That all spare parts and supplies shall be used only in the BMW of the applicant under such
requirements as the Bureau of Customs may imposed;
6. That the applicant has net foreign exchange earnings for the year immediately preceding the
availment of the incentive.
Done in _________________________________ this _______ day of _____________________
20___.